PAOLI, Pa., Jan. 02, 2018 (GLOBE NEWSWIRE) -- Malvern Bancorp, Inc. (Nasdaq:MLVF) parent company of Malvern Federal Savings Bank (the "Bank"), today announced that Julia D. Corelli has been appointed to the boards of directors of the Company and the Bank. Ms. Corelli has been a partner at Pepper Hamilton LLP for more than 23 years, with a practice focusing on counseling all kinds of investment vehicles on formation, regulation and operations, as well as business and transactions counseling to family offices and life science companies. Ms. Corelli served for 12 years on Pepper’s governing body, including as its Vice Chair from 2013 to 2017. She is currently co-Chair of Pepper’s Commercial Department. Ms. Corelli has also served since 2014 on the Board of Directors of BioIncept, LLC, a privately held biotech company, and since 2016 on the Northeast Regional Board of Boys & Girls Clubs of America.

In a joint statement, Howard Kent, Chairman of the Board and Anthony C. Weagley, President and CEO of Malvern Bancorp, Inc., and Malvern Federal Savings Bank, indicated that, “Julia is an outstanding addition to Malvern’s board. Julia’s depth of experience and years of leadership in the legal profession, and her breadth of involvement in counseling a wide array of clients across diverse industries, further enhances the diversity of expertise and perspective available to Malvern’s board in leading our growing business.”

Julia D. Corelli holds a B.A. degree from Yale University, and a J.D. degree and an LL.M degree in Taxation from the Villanova University School of Law. Ms. Corelli is admitted to practice law in Pennsylvania.

About Malvern Bancorp, Inc.

Malvern Bancorp, Inc. is the holding company for Malvern Federal Savings Bank. Malvern Federal Savings Bank is a federally-chartered, FDIC-insured savings bank that was originally organized in 1887 and now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, Malvern has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity.